Credit Unions Near Me
National Credit Union Service Organization

REDSTONE FEDERAL CREDIT UNION

Dec, 31, 2023 — REDSTONE FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTSVILLE, AL with 40 branch locations and about $7.55 billion in total assets. Opened 73 years ago in 1951, REDSTONE FEDERAL CREDIT UNION has about 806,953 members and employs 1,343 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 262275835
Name:REDSTONE FEDERAL CREDIT UNION
Address:
(Main Office)
220 Wynn Dr
HUNTSVILLE, AL 35893
Phone:(256) 837-6110
Fax:(256) 722-8399
Website:https://www.redfcu.org
Branches:40 branch locations
Members:806,953
Credit Union Type:Federal Credit Union
Charter Number:7544
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1951
Last Audited:Jun 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$7,547,868,789
CEO/Manager:Joseph H Newberry
Chairperson:Dave Hargrove

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 323,251,633
TOTAL INVESTMENTS 0
Loans Held for Sale 128,580,634
 
 Real Estate Loans 1,763,584,387
 Unsecured Loans 468,420,064
 Other Loans 1,608,587,349
 TOTAL LOANS 3,840,839,954
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -54,255,527
 Land And Building 167,927,613
 Other Fixed Assets 26,401,243
 NCUSIF Deposit 63,999,580
 All Other Assets 2,251,877
  TOTAL ASSETS 7,547,868,789
LIABILITIES & CAPITAL:  
 Dividends Payable 256
 Notes & Interest Payable 110,000,000
 Accounts Payable & Other Liabilities 117,074,438
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,372,607,517
 Regular shares 2,726,801,386
 All Other Shares & Deposits 2,615,229,784
  TOTAL SHARES & DEPOSITS 6,714,638,687
  TOTAL LIABILITIES 6,942,065,547
 Regular Reserve 0
 Other Reserves -324,554,636
 Undivided Earnings 930,357,878
  TOTAL EQUITY 605,803,242
  TOTAL LIABILITIES, SHARES, & EQUITY 7,547,868,789
INCOME & EXPENSE  
 Loan Income 234,218,724
 Investment Income 100,849,165
 Other Income 34,092,844
 Total Employee Compensation & Benefits 134,907,209
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 149,534,204
 Non-operating Income & (Expense) 17,388,870
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 40,162,224
 Cost of Funds 68,982,838
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 111,029,442
↑ Back to Top

Other Credit Unions

POSTAL EMPLOYEES CREDIT UNION
PO BOX 132
HUNTSVILLE, AL 35804
COUNCILL FEDERAL CREDIT UNION
1061 Buchanan Way
NORMAL, AL 35762
NORTH ALABAMA PAPERMAKERS FEDERAL CREDIT UNION
1611 County Road 85
STEVENSON, AL 35772
NUCOR EMPLOYEES FEDERAL CREDIT UNION
7205 Gault Ave N
FORT PAYNE, AL 35967
WCU CREDIT UNION
2505 Highway 31 S
DECATUR, AL 35603-1503
CHAMPION COMMUNITY CREDIT UNION
16601 County Road 150
COURTLAND, AL 35618
LAUDERDALE COUNTY TEACHERS CREDIT UNION
103 Mangum St
FLORENCE, AL 35630-1559
RAILWAY EMPLOYEES CREDIT UNION
1604 Gusmus Ave
MUSCLE SHOALS, AL 35661
ROCKET CITY FEDERAL CREDIT UNION
2200 Clinton Ave W
HUNTSVILLE, AL 35805-3000
FLORENCE FEDERAL CREDIT UNION
1505 N Pine St
FLORENCE, AL 35630-2285